Question: A highway project is expected to cost ( $ 1 , 3 0 0 , 0 0 0 ) initially. The annual
A highway project is expected to cost $ initially. The annual operating and maintenance cost after the first year is $ and will increase by $ each year for a project lifespan of years. At the end of the tenth year, the project must be resurfaced at a cost of $
a Calculate the present worth of costs in dollars for this project over a year period if the annual interest rate is percent. $
b Convert the value obtained in part a to equivalent uniform annual costs. Enter your answer in dollars as a positive value.$
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